From July through September of 2020, there were 14 homes sold, with a median sale price of $264,500 - a 4% decrease over the $275,500 median sale price for the same period of the previous year. There were six homes sold in Thousand Palms in the third quarter of 2019.
The median sales tax in Thousand Palms for the most recent year with available data, 2016, was $2,465, approximately 0.9% of the median home sale price for the third quarter of 2020.
The following table compares Thousand Palms to other Riverside County cities with similar median sales prices in the third quarter of 2020:
| City | July - Sept. 2020 Home Sales | July - Sept. 2019 Home Sales | % change (Total Home Sales) | July - Sept. 2020 Median Sales Price | July - Sept. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Idyllwild-Pine Cove | 96 | 14 | 585.7% | $332,500 | $267,500 | 24.3% |
| Lakeland Village | 16 | 11 | 45.5% | $305,000 | $277,000 | 10.1% |
| Hemet | 382 | 274 | 39.4% | $305,000 | $275,500 | 10.7% |
| Coachella | 30 | 24 | 25% | $282,500 | $272,500 | 3.7% |
| Banning | 75 | 62 | 21% | $267,000 | $275,500 | -3.1% |
| Thousand Palms | 14 | 6 | 133.3% | $264,500 | $275,500 | -4% |
| Desert Hot Springs | 138 | 88 | 56.8% | $250,000 | $232,500 | 7.5% |
| White Water | 4 | 0 | - | $242,500 | $0 | - |
| Cabazon | 9 | 4 | 125% | $230,000 | $168,000 | 36.9% |
| Sun City | 1 | 1 | 0% | $217,500 | $234,000 | -7.1% |
| Mecca | 3 | 2 | 50% | $140,000 | $175,000 | -20% |
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